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Alias Born 05/14/2013

Re: coolerheadsprevail post# 35095

Saturday, 05/25/2013 7:11:35 PM

Saturday, May 25, 2013 7:11:35 PM

Post# of 68424
Thank you for your replies.
As my capital is somewhat limited (still on the road to the pattern day trader limit), I am long in VRNG hoping for a nice bump.

Currently I have 95 contracts of June 3.5 calls and day/swing trading with 4000 shares (just buying low and selling a bit higher). Currently trying to figure out the best strategy to limit my losses with what I have to play with.

As I see it, I have two ways to play it with a small profit:
Day trade to an amount that would make up for the option prices I bought. I'm about $500 to that point (so maybe 1-3 days of day trading). This way I can keep the options just in case it does fly up.

or I can close out the options in another day or two at break even prices or with a very small profit.

I see the first option as the better way to go at it. But the second option is the better day trading strategy (slow and steady gains). Any other recommendations?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y